3i Germany is losing managing director and group partner Stephen Kruemmer to ‘personal reasons’ as of tomorrow. He will be jointly replaced by current partners Ulf von Haacke and Peter Wirtz.
2 min read · 08 February 2013
France and Germany became founding members and first countries to commit capital to the multinational infrastructure development fund, which is ultimately targeting $10bn of capital that could enable $40bn of projects in emerging markets. Privately-funded projects will be eligible for IFC financing.
2 min read · 08 February 2013
France and Germany became founding members and first countries to commit capital to the multinational infrastructure development fund, which is ultimately targeting $10bn of capital that could enable $40bn of projects in emerging markets. Privately-funded projects will be eligible for IFC financing.
2 min read · 08 February 2013
London-based law firm SJ Berwin is planning to open an office in Dubai, the first for the firm in the Middle East.
1 min read · 08 February 2013
Private equity veteran Tom Lee said his firm is looking to invest without leverage in both 'good' and 'bad' banks. Meanwhile, Apollo is eyeing various credit opportunities including providing DIP financing and LBO loans, as well as buying debt in companies it 'knows well' like former portfolio company Intelsat.
2 min read · 08 February 2013
GPs must aggressively analyse and restructure portfolio companies' capital structures before they reach emergency stages, Marc Rowan said at a conference in Los Angeles yesterday. The private equity industry will be one of the most challenged during this economic cycle due largely to the 'looming' maturity of debt for levered companies, he added.
3 min read · 08 February 2013
The buyout giant’s plan to delist its Euronext-traded fund and float on the New York Stock Exchange has once more been delayed due to the tumultuous recent conditions in the financial markets.
1 min read · 08 February 2013
The Blackstone spin-out has already held a first close on its second fund to focus on direct venture capital secondaries. It recently acquired stakes in nine new companies including Facebook, Zappos and eHarmony.
2 min read · 08 February 2013
Lower fees, smaller funds and lots of GP communication top LP wish lists, writes Amanda Janis.
3 min read · 08 February 2013
Despite glimmer of hope that the commercial real estate debt and equity markets will improve over the coming year, property CEOs warn the TALF and PPIP lending programmes must urgently unveil their plans to help real estate.
1 min read · 08 February 2013
